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BRAND NEW TWO DAY BACK TO BACK COURSES BY MUAMALAH –
DAY ONE 8 MARCH 2011 – INTRODUCTION TO ISLAMIC ECONOMICS
(10 SIDC CPE points)
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Another prerequisite subject for Islamic Finance & Investment Professionals.
DAY TWO 9 MARCH 2011 – INTRODUCTION TO TAKAFUL
(Note:
Not Accredited for SIDC-CPE points)
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Basic working knowledge on Takaful for all professionals Everything you’ve always wanted to know about Takaful.
Led by Muhammad Zahid Abdul Aziz renowned all round Corporate Financier, Consultant and Trainer
COURSE FEES
DAY ONE ONLY – INTRODUCTION TO ISLAMIC ECONOMICS– RM 850/- PER PARTICIPANT
DAY TWO ONLY –INTRODUCTION TO TAKAFUL –RM 850/- PER PARTICIPANT
COMBINATION FEES
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COMBINATION |
FEES PER PARTICIPANT |
SAVINGS |
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DAY ONE |
RM 850 |
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DAY TWO |
RM 850 |
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BOTH DAYS |
RM1500 |
RM200 |
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DATE |
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8th & 9th March 2011 |
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VENUE |
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PJ Hilton, Selangor |
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ORGANISED BY |
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Muamalah Financial Consulting Sdn. Bhd
17-01, First Floor, D’Bayu,
21, Jalan Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor, Malaysia.
Tel: 037842 5187, 012
212 5405
Fax: 037842 5201, 7847 3214
Email: muamalah_consulting@hotmail.com
Website http://muamalahconsulting.tripod.com |
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THIS COURSE IS SIDC-CPE
ACCREDITED:
10 POINTS | INTRODUCTION TO ISLAMIC
ECONOMICS
(Conducted by Muhammad Zahid Abdul Aziz,
Pioneer All round Islamic Financier and renowned International Lecturer)
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- What is Islamic Economics?
- The Missing Pre Requisite
Subject for a true understanding of the riba free Islamic
banking system.
The puzzle the Islamic banking jigsaw fits in. An Islamic Financier’s contribution to the Islamic Economist’s
model of the Islamic Financial System.
Religion and Economics.The western
economists’ return to religion. Quran, Sunnah
and economics. Production, distribution
and consumption as acts of worship
Unregulated growth or distributive justice;
unethical wealth or moral preservation
The Islamic Financial System.
Prohibition of riba by legislation. What do banks look
like in a no riba economy. Remoulding
of bankers into equity investment managers.
Debunking the rental of money concept.
Central banking in a riba free environment.
The qirad driven economy. Money creation
under fractional reserve banking – will it
remain in a riba free system? Guarantee
of debt payments by the state –
implications to the Islamic Financial
system
The Islamic Economic System. God
is owner; man is trustee. Cost benefit analysis to
the hereafter. Things individuals cannot
own. Justice to factors of production. No
classes of human beings; Zakah, qirad,
far’aid and hisbah, Reshaping the theory of
consumer behaviour. Resolving the mismatch
of the savings vs investment decision.
When the unmonied have no clout to give
market signals
The Economic Behaviour of Men
– Beautified is wealth. Economics of imperfect
foresight. God is owner; life is a test.
Stocktake of rizq.
Objectives of Islamic Economics –
Finding AlFalah. Maximising human welfare in
place of profit maximisation Equitable
distribution of wealth, not equal distribution
of wealth. Right of community in individual’s
wealth.
Macro economic policies in an Islamic
Economy. Mudarabah profit sharing ratios as
a monetary policy ; zakah as a fiscal policy
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VENUE |
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PJ Hilton, Selangor |
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ORGANISED BY |
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Muamalah Financial
Consulting Sdn. Bhd
17-1, First Floor, D’Bayu,Jalan
Serambi U8/21,
Bukit Jelutong,
40150 Shah Alam, Selangor
Tel: 03-7842 5187, 012 212
5405
Fax: 03 7847 3214, 7842 5201,
Email: muamalah_consulting@hotmail.com
Website http://muamalahconsulting.tripod.com |
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THE PROGRAMME
THE PARTICIPANTS
q All Islamic Finance & Investment Professionals.
q Investment bankers, commercial bankers, development bankers,
Islamic bankers, Central bankers, Product developers, Shariah advisers, Corporate
bankers, Corporate Finance Advisers,
q Economists and Research Personnel, Syariah Advisers and
Officers, Lawyers, Accountants, Corporate Advisers, Financial Advisers, Business Managers, Finance Managers
q Lecturers and post graduate students
q General Managers/Managers/
Officers of Corporate Organizations, SEDC’s, State Agencies, Departments
and Corporations;
q Directors of Listed/ Unlisted
Companies
q Accountants / Auditors; and
q Individuals / Entrepreneurs.
q All who are interested in drafting
Syariah compliant legal documents
THE ORGANIZER
Muamalah Financial Consulting Sdn Bhd (“Muamalah”) comprises a team of former Islamic
Bankers with a combined experience of over 30 years in Islamic Banking. To date Muamalah have conducted the following training
Courses/ Seminars/ Workshop to the Financial Industry:
In-house Course on Islamic Syndications, Securitisation and Legal Aspects for Alliance
Merchant Bank Bhd
In-house Islamic Trade Finance Course for Public Bank Bhd In-house Islamic Capital Market Workshop for Bank Islam (M) Bhd,
Hong Leong Bank Bhd and Malaysian International Merchant Bankers Berhad
Public Islamic Bonds & Islamic Capital
Market Course, M Hotel, Singapore- In House Syariah Broking Course for Permodalan Nasional Berhad and Bursa Malaysia Bhd. In House for Maybank Investment Bank on Fundamental Muamalat for Islamic
Finance & Investment Practitioners Course. In-house Islamic Finance and Islamic Capital Market Course for EPF and JB Corp.
Joint venture Courses with Sabah Law Association, Penang Bar Committee and the
Malaysian Institute of Accountants
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INVESTMENT
RM850 per participant. Fee is inclusive
of lunch, refreshments and course materials. Organizations, which send four or more participants to the Course, shall be eligible for a 10% discount across the
board. Special price of RM500 only for all Academicians and Students with Matric cards.
PAYMENT
Payment should be made by crossed
cheque/ bank drafts payable to Muamalah Financial Consulting Sdn Bhd. Receipt will be issued upon receipt of payment. All
payment to be paid at least a week before the course date.
CANCELLATION & TRANSFER
A replacement is allowed should a participant is unable to attend. For cancellation received in writing within
one week prior to the course date, a 50% refund will be given to the participant. Fees will be refunded in full if written
notice of withdrawal is received more than two weeks prior to the course date.
SPEAKERS’ PROFILE
Muhammad Zahid Abdul Aziz
Director, Muamalah Financial
Consulting
Sdn Bhd.
Muhammad Zahid Abdul Aziz holds a Bachelor’s Degree in Economics
from University of Exeter, United Kingdom.
After graduating in 1977, he joined an International Accounting Firm, Arthur Young & Co. London office. He returned to Malaysia
in 1982 and joined Arab Malaysian Merchant Bank Kuala Lumpur. He joined Bank Islam Malaysia Berhad in 1990 where he pioneered
and helped develop Islamic Corporate Banking specializing in Islamic Syndications and Islamic Bond Issuance. His last post
at Bank Islam was Senior Manager, Corporate Financing Dept, He has arranged over RM6.0 billion in Islamic Bond Issues during
his tenure at Bank Islam. He left Bank Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd, a firm specialised
in training and arranging of Islamic financing. He has just returned from Riyadh where he was Islamic Capital Market Consultant to Bank AlBilad.
He is presently a post graduate student in Islamic Finance at the International Islamic University Malaysia and at other times
an internationally renowned lecturer in Islamic Finance and similar subjects having taught in Dubai, Saudi Arabia, Korea,
Brunei, Indonesia and Singapore.
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Organisations
Which Have Sent Participants To Our Previous Courses/ Seminars/ Workshops: |
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Bank Islam Malaysia
Bhd., Bank Muamalat Malaysia Bhd., Bank Negara Malaysia,
Securities Commission of Malaysia, Bursa
Malaysia, Islamic Banking and Finance Institute of Malaysia, Labuan Offshore Financial Services Authority. Islamic
Bank of Brunei, Islamic Development Bank of Brunei, Brunei LNG,Shell Malaysia,
Monetary Authority of Singapore, Majlis Ugama Islam Singapura, Emirates Global Islamic Bank Ltd, State Bank of India, Plentytrak
Pty Ltd Australia, Adl Capital Ltd (Sri Lanka), Kuwait Finance House, Asian Finance Bank,Citibank (M) Bhd, Telekom Malaysia,
Affin Investment Bank, RHB Investment Bank, Muamalat Invest, Affin Islamic Bank, AM Investment Bank, Maybank Investment Bank,
Eon Investment Bank, Alliance Investment Bank, Deutschebank, , CIMB Investment Bank, OSK Investment Bank, KAF Investment Bank,
Southern Investment Bank,Public Investment Bank,K&N Kenanga Investment Bank, HongLeong Islamic Bank, CIMB Islamic Bank,
Ambank Islamic Bank,Eoncap Islamic Bank, RHB Islamic Bank, Maybank Islamic Bank, SME
Bank, Prudential Fund Management, BN Paribas Capital, Sarawak SEDC, Kuching Water
Board, CMS Trust Management Bhd, Permodalan ASSAR Bhd, RHB Bank, Sulong & Sinsua, Sulong & Co, Ng & Anuar., Shearn
Delamore & Co., Southern Bank, MAA Corporate Advisory., Ain Medicare., Tenunan Budi., Affin Discount ., Bimsec Asset Management
., Leader Universal Holdings., Albar & Partners, A.B. Sidek & Co., Lembaga Tabung Haji, Air Kelantan, Offshore Works.,
KM Chye & Murad, ., Ingress Corporation., Ranhill Utilities ., Affin Bank ., Abdullah Abdul Rahman & Co., Nik Hisham,
Ainul Azam & Fakihah, Hisham Sobri & Kadir, Raslan Loong, Zain & Co., Kumpulan Prasarana Rakyat Johor., CIMB,
Ambank Islamic Banking Division, Pacific Alliance Capital , Wong & Partners, RHB Securities, Standard London (Asia) ,
JPMorgan (M) , Commerce Asset Fund Managers , Bumiwerks Capital Management , PricewaterhouseCoopers, Azmi & Associates,
Hong Leong Bank , Phillip Capital Management , Nomura Advisory Services (M) , Ghazi & Lim, JMF Asset Management , BIMB
Securities , RHB Asset Management , HSBC Bank (M) , TAMCO Corporate Holdings
, SBB Securities, Nam Fatt Corporation , Lee Choon Wan & Co, Bank Kerjasama Rakyat (M) , , Malaysian Resources Corporation
Bhd, JF APEX Securities, , Redmax, BIMB Unit Trust Management, Ambank Group, Lityan Systems , Pheim Asset Management , Perkasa
Normandy Holdings , Amanah SSCM Asset Management , OCBC Bank (M) , Raja Darry & Loh, Ranhill Bhd, Felcra, HLG Unit Trust,
HLG Asset Management, Malakoff, Ayer Hitam Planting Syndicate, SBB Mutual, Asiatic Development, Amfutures , K&N Kenanga
Holdings, KL City Securities, Mayban Ventures Sdn Bhd, Shell Gas & Power (Singapore), SHH Resources Holdings Bhd, Affin
Fund Management Sdn Bhd, K&N Kenanga Bhd,, Berjaya Group Bhd, Pengurusan Danaharta Nasional Bhd, Saujana Consolidated
Bhd, MIDF Bhd, Hap Seng Consolidated Bhd, Mayban Securities Sdn Bhd, Mayban Investment Management Sdn Bhd Eng Teknologi Holdings
Bhd, Dunham-Bush (M) Bhd, BH Global Advisers Sdn Bhd, HSBC Asset Management Spore Ltd, OCBC Asset Management Ltd, Ong First
Pte Ltd, ST Asset Management Pte Ltd, Aberdeen Asset Management, CMS Asset Management, Kenanga Asset Management, Boustead
REIT Managers, Dass Jainab. |
INTRODUCTION TO TAKAFUL
(Conducted
by Muhammad Zahid Abdul Aziz,Pioneer Islamic Financier and renowned International Lecturer)
- What is Takaful?
- Insurance vs. Takaful, Basic
Similarities and Differences.
- Why is Insurance not Syariah Compliant?
Structure of an Insurance Transaction, Arkanul Bai’- Pillars of Buying and Selling Aqd, What is Gharar? Gharar vs Risk.
What is Riba’, Maysir and Haram?
- What is the Takaful Transaction? Basic Formula
of Takaful. Concept and Origin of Takaful
- Syariah Basis for Takaful- Quran,
Sunnah, Majelle Legal Maxims & Fatwa,
- Essential Contracts in Takaful,
Contracts in Islamic Law, Definition of Aqd, Classifications of Aqd,
- Contractual Relations in Takaful, Between
Participants, Tabarru’ and Ta’awun,Between Participants and the Takaful Operator,Mudarabah in Takaful, Wakalah
in Takaful, Ju’alah in Takaful, Wadiah Yad Dhamanah in Takaful, Waqf in Takaful, Underwriting Surplus- Definition and
Issues, Combination of Contracts in Takaful, Operational Models,
- Conventional Operational Model vs Takaful
Operational Model
- Types of Takaful Operational Models-Pure Cooperative
Model, Pure Mudarabah Model, Modified Mudarabah Model, Pure Wakalah Model, Modified Wakalah Model, Wakalah Mudarabah Model,
Waqf Model,
- Takaful Products, General
and Family Products. Industry examples of Fire Takaful, Health Takaful, House Takaful & Motor Vehicle Takaful. Industry
example of Family Takaful. Participant’s Special Account (PSA), Participant’s Personal Account (PA), Tabarru’
Fund. Mortgage Takaful.General Operational Model vs Family Operational Model.
- Regulatory Aspects of Takaful-Overall
Regulatory Framework, Takaful Act 1984, Syariah Framework, Malaysian Takaful Association, Authorised Malaysian Assets, Conflict
with Other Laws, Margin of Solvency, Minimum Paid Up Capital,
- Takaful Industry-Statistics and Players, Global
vs Local
- Comparative Statistics- Takaful vs Insurance,
- Retakaful, What is Retakaful? Basic
Retakaful Structure, Treaty Retakaful vs Facultative Retakaful, Proportionate vs Non-Proportionate Treaties.
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VENUE |
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PJ Hilton, Selangor |
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ORGANISED BY |
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|
|
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Muamalah Financial
Consulting Sdn. Bhd
17-1, First Floor, D’Bayu,Jalan
Serambi U8/21,
Bukit Jelutong, 40150 Shah Alam, Selangor
Tel: 03-7842 5187, 012 212
5405
Fax: 03 7847 3214, 7842 5201,
Email: muamalah_consulting@hotmail.com
Website http://muamalahconsulting.tripod.com |
|
|
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THE
PROGRAMME
THE PARTICIPANTS
q Commercial
bankers, Investment bankers, Islamic bankers, Corporate Finance personnel, Corporate banking personnel, Retail bankers, Product
Development Structurers, Syariah Advisers and Officers,Lawyers, Accountants, Corporate Advisers, Financial Advisers, Business
Managers, Finance Managers
q New
Entrants and Existing Officers/Managers of the Takaful Industry./Insurance Industry personnel
q All
SC Licensed Representatives including Compliance personnels
q All
Legal Practitioners, Takaful & Islamic Banking Panel Lawyers, All Legal
Departments of Banks, Corporates and Govt Agencies
q General Managers/Managers/ Officers of Corporate Organizations, SEDC’s, State Agencies, Departments and Corporations;
q Directors of Listed/ Unlisted Companies
q Academics Consultants and Researchers
q Islamic Banking Officers/ Managers
q Investment Bankers / Merchant Bankers;
q Accountants / Auditors; and
q Individuals / Entrepreneurs.
q All who are interested in drafting Syariah compliant legal
documents
THE ORGANIZER
Muamalah Financial Consulting Sdn Bhd (“Muamalah”) comprises a team of former Islamic Bankers with
a combined experience of over 30 years in Islamic Banking. To date Muamalah have conducted the following training Courses/
Seminars/ Workshop to the Financial Industry:
In-house Course on Islamic Syndications, Securitisation and Legal Aspects for Alliance Merchant Bank Bhd
In-house Islamic Trade Finance Course for Public Bank Bhd In-house Islamic Capital Market Workshop for Bank Islam (M) Bhd, Hong Leong Bank Bhd and Malaysian International Merchant Bankers Berhad
Public Islamic Bonds & Islamic Capital Market Course, M Hotel, Singapore- In House Syariah Broking Course for Permodalan Nasional Berhad and Bursa Malaysia Bhd. In House for Maybank
Investment Bank on Fundamental Muamalat for Islamic Finance & Investment Practitioners Course. InHouse
Islamic Finance and Islamic Capital Market Course for EPF and JB Corp. Joint venture Courses with Sabah Law Association, Penang Bar Committee and the Malaysian Institute of Accountants. |
INVESTMENT
RM850 per participant.
Fee is inclusive of lunch, refreshments and course materials.
Organizations, which send four or more participants to the Course, shall be eligible for a 10% discount across the board.
Special price of RM500 only for all Academicians and Students with Matric cards.
PAYMENT
Payment should be made by crossed
cheque/ bank drafts payable to Muamalah Financial Consulting Sdn Bhd. Receipt will be issued upon receipt of payment. All
payment to be paid at least a week before the course date.
CANCELLATION &
TRANSFER
A replacement is allowed should a participant is unable to attend. For cancellation received in writing within
one week prior to the course date, a 50% refund will be given to the participant. Fees will be refunded in full if written
notice of withdrawal is received more than two weeks prior to the course date.
SPEAKERS’ PROFILE
Muhammad Zahid Abdul Aziz
Director, Muamalah Financial Consulting
Sdn Bhd.
Muhammad Zahid Abdul Aziz
holds a Bachelor’s Degree in Economics from University of Exeter,
United Kingdom. After graduating in 1977, he joined an International
Accounting Firm, Arthur Young & Co. London office. He
returned to Malaysia in 1982 and joined
Arab Malaysian Merchant Bank Kuala Lumpur. He joined Bank Islam Malaysia Berhad in 1990 where he pioneered and helped develop
Islamic Corporate Banking specializing in Islamic Syndications and Islamic Bond Issuance. His last post at Bank Islam was
Senior Manager, Corporate Financing Dept, He has arranged over RM6.0 billion in Islamic Bond Issues during his tenure at Bank
Islam. He left Bank Islam in September 2000 to form Muamalah Financial Consulting Sdn Bhd, a firm specialised in training
and arranging of Islamic financing. He has just returned from Riyadh where he was Islamic
Capital Market Consultant to Bank AlBilad. He is presently a post graduate student in Islamic Finance at the International
Islamic University Malaysia and at other times an internationally renowned lecturer in Islamic Finance and similar subjects
having taught in Dubai, Saudi Arabia, Korea, Brunei, Indonesia and Singapore.
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THE PROGRAMME
8.30 am - Registration
9.00 am –
10.30 am
What
is Takaful?
Insurance
vs. Takaful, Basic Similarities and Differences.
Why
is Insurance not Syariah Compliant? Structure of an Insurance Transaction, Arkanul Bai’- Pillars of Buying and Selling
Aqd, What is Gharar? Gharar vs Risk. What is Riba’, Maysir and Haram?
What
is the Takaful Transaction? Basic Formula of Takaful. Concept and Origin of Takaful
Syariah
Basis for Takaful- Quran, Sunnah, Majelle Legal Maxims & Fatwa,
10.30
am – 10.45 am - Morning Break
10.45 am –
1.00 pm
Essential Contracts
in Takaful, Contracts in Islamic Law, Definition of Aqd, Classifications of Aqd,
Contractual
Relations in Takaful, Between Participants, Tabarru’ and Ta’awun, Between Participants and the Takaful
Operator,Mudarabah in Takaful, Wakalah in Takaful, Ju’alah in Takaful, Wadiah Yad Dhamanah in Takaful, Waqf in Takaful,
Underwriting Surplus- Definition and Issues, Combination of Contracts in Takaful, Operational Models,
Conventional
Operational Model vs Takaful Operational Model
Types
of Takaful Operational Models-Pure Cooperative Model, Pure Mudarabah Model, Modified Mudarabah Model, Pure Wakalah
Model, Modified Wakalah Model, Wakalah Mudarabah Model, Waqf Model,
Takaful Products,
General and Family Products. Industry examples of Fire Takaful, Health Takaful, House Takaful & Motor Vehicle Takaful.
Industry example of Family Takaful. Participant’s Special Account (PSA), Participant’s Personal Account (PA),
Tabarru’ Fund. Mortgage Takaful. General Operational Model vs Family Operational Model.
1.00 pm – 2.00 pm – Lunch
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2.00 pm - 3.15
pm
Regulatory
Aspects of Takaful-
Overall Regulatory Framework, Takaful Act 1984, Relevant Definitions, Registration of Operators,
Syariah Framework, Malaysian Takaful Association, Statutory Deposits, Takaful Fund, Statutory Asset Requirements Authorised
Malaysian Assets, Supervision and Examination, Takaful Guarantee Scheme Fund Conflict with Other Laws,
BNM
Guidelines and Circulars
Margin of Solvency, Minimum Paid Up Capital,
3.15
– 3.30 – Afternoon Break
3.30 – 5.00
pm
Takaful
Industry-
Statistics and Players,
Global vs Local
Current List of Operators
Comparative
Statistics-
Takaful
vs Insurance,
Retakaful.
What is Retakaful? Basic Retakaful Structure, Treaty Retakaful vs Facultative Retakaful, Proportionate
vs Non-Proportionate Treaties.
5.00
pm – End
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REGISTRATION FORM |
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COMBINATION |
FEES |
Please Tick |
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DAY ONE & DAY TWO |
RM1500 |
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DAY ONE ONLY |
RM 850 |
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DAY TWO ONLY |
RM850 |
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Day One – Introduction to Islamic Economics – 8th March 2011
Day Two – Introduction to Takaful – 9th March 2011.
Venue : PJ Hilton, Selangor
Register now – Enrolment is based on “First
Come First Served Basis”. Complete and Return the Registration Form to:
Address
Muamalah Financial Consulting Sdn Bhd
17-01, First Floor, D’Bayu, 21, Jalan Serambi U8/21, Bukit Jelutong, 40150 Shah Alam, Selangor.
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Telephone
03-7842 5187,
012- 212 5405
Fax
03-7842 5201,
03-7847 3214 |
E-mail
muamalah_consulting@hotmail.com
http://muamalahconsulting.tripod.com
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PERSONAL DETAILS
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No |
Details of Participants |
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Fee (“RM”) |
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1. |
Name
:
Designation :
*License No: |
NRIC: |
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2. |
Name
:
Designation :
*License No: |
NRIC: |
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3. |
Name
:
Designation :
*License No: |
NRIC: |
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4. |
Name
:
Designation :
*License No: |
NRIC |
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(Photocopy the form for additional participants) |
Gross
Total |
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Less (Discount) |
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Net Total |
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Company’s name :
Tel no.
:
Fax No.
:
Person In charge :
Address
: |
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* For SC Licensed Representatives only
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Payment Details: I have read and understood the booking terms and conditions. Please register the abovenamed
participants and enclosed please find the required fee.
Authorised Signatory signature:
Name
:
Designation
:
Date
: |
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